Listing ID: 81371
Stunning full service hair salon at the edge of Summerlin! Amazing perfect online reviews and top placement in searches for Yelp & Google! Recently remodeled during covid in 2020. Top notch stylists personally trained by Seller in advanced techniques! Sellers acts as FT manager and stylist. Assistant Manager in place. 6 stations (with 5 stylists plus Seller)! Seller willing to stay on after sale. Excellent systems & processes in place for smooth easy continued operations! Super low rent! This independent salon has the look & feel of a franchise, but without the royalty expense! Great stylist team in place paid strictly on commission. Very high customer retention rate with CRM database for marketing tied to POS and booking software! Gross Sales & Total Income are actual for 2020. Roughly 15% growth in first half of 2021! EMAIL NOW before it is gone! For the fastest reply to you inquiry, please use this ad’s email reply! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email firstname.lastname@example.org
- Asking Price: $349,000
- Cash Flow: $109,206
- Gross Revenue: $349,068
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:975
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 975 square feet with a Total Rent of $2028.62. Lease ends 6/2026. Seller is active in the business with 5 Independent Contractors. Hours of operation are 9:30am - 7pm Tue-Sat, Closed Sun & Mon. $10,000 in Inventory and $80,000 in FF&E included in Asking Price. $60,000 made in Leasehold Improvements. Assets include Boutique salon with established customer base, great online reviews, and well-trained stylists! NV Cosmetology & Retail Product Sales License Required.
Fourteen (14) days
Pregnancy & real estate career
The business was established in 2010, making the business 12 years old.
The transaction shall include inventory valued at $10,000, which is included in the listing price.
The company has 5 employees and is located in a building with estimated square footage of 975 sq ft.
The property is leased by the business for $2,028 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nevertheless, the real factor and the one they say to you might be 2 absolutely different things. As an example, they might say "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competition, current reduction in earnings, or a variety of other factors. This is why it is really important that you not count completely on a seller's word, however instead, make use of the vendor's answer in conjunction with your general due diligence. This will paint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Specific factors such as brand-new competitors sprouting up around the location, roadway building, and also personnel turnover can impact repeat clients and adversely impact future incomes. One crucial point to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the chance to develop a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood typical household income effect future earnings potential?